The U.S. Energy Dept. has decided to abandon its original plan for the FutureGen 275-MW coal-fired power plant to test advanced carbon-capture and storage technologies. The agency announced Aug. 5 that will instead use its $1 billion in federal stimulus funding to refit and repower an existing plant in western Illinois to capture carbon dioxide. The money will go to members of the FutureGen Alliance, made up of U.S. and overseas utilities, powerproviders and other firm, as well as to Ameren Energy Resources, Babcock & Wilcox and Air Liquide Process & Construction to install new equipment at a 200-MW Ameren
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.